OCC

Acting comptroller of the currency Rodney Hood defended federal preemption regulations employed by the Office of the Comptroller of the Currency in a letter to the Conference of State Bank Supervisors, saying the regulations are consistent with Dodd-Frank. Read on »

Amid ongoing discussions about housing affordability, federal regulators published information about states where home prices have seen the most significant increases over the past year. Learn more about this and other topics in this roundup. Read on »

Following the withdrawal of the long-awaited 2023 final rule revising Community Reinvestment Act (CRA) standards, banks will experience no change in effective CRA standards. Meanwhile, some states are working on tightening their own regulations meant to root out discrimination, which could make things interesting for some financial institutions. Read on »

The Office of the Comptroller of the Currency took action against the former CEO and board chair of Grand Bank for Savings for allegedly violating conflict of interest requirements, engaging in unsafe or unsound practices, and breaching his fiduciary duty. Read on »

As multiple federal agencies announce moves to pull back on certain enforcement activities, some states have indicated they are ramping up efforts to fill the void. Find out about some of these recent developments in this roundup. Read on »

The House Financial Services Committee held a hearing to explore how the current regulatory regime governing bank mergers and new (de novo) bank formation impacts the financial sector. Lawmakers and witnesses discussed potential regulatory reforms aimed at fostering competition and ensuring widespread access to financial services. Read on »

Federal banking regulators have taken steps to improve clarity surrounding digital banking activities, including crypto-assets and digitalization. Find out about some of the latest regulatory moves in this respect and more in this roundup. Read on »

The Office of the Comptroller of the Currency is seeking comments on a newly adopted interim final rule amending its 2024 final rule related to its procedures for evaluating applications under the Bank Merger Act. Read on »

The Senate voted along party lines to approve a resolution overturning a final rule updating the process banking regulators use when reviewing proposed bank mergers and acquisitions. Read on »

As financial technology and digital assets remain ever-growing factors in the financial services industry, trade organizations continue to increase efforts to advocate for new policies to help their members remain competitive. Read about some of the latest developments with respect to this topic and more in this roundup. Read on »